Michigan auto insurance law does not guarantee drivers savings, says official

Michigan Auto Insurance Law - Driver - Steering Wheel

Motorists have been hopeful that the much-needed changes would make a difference, but it’s not assured. Drivers have been waiting for a new Michigan auto insurance law to help control high and rising premiums in the state. However, according to one official, motorists should not consider the savings to be guaranteed. The personal injury protection (PIP) system has made Michigan rates the highest in the country. The new Michigan auto insurance law does not provide any new assurances that the extra costs from additional required liability coverage would be offset…

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Are Michigan auto insurance companies illegally charging widows and widowers more?

michigan auto insurance rates

A group defending the state’s coverage system says it has found instances of insurers breaking the law. A group defending the Michigan auto insurance system said it has found cases in which insurers have illegally targeted women and widows for higher premiums. If this is true, those insurers are in direct violation of state laws prohibiting the use of gender and marital status for rate calculations. Coalition Protecting Auto No-Fault found at least three auto insurance companies breaking that law. The group says that this places the spotlight on potential…

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No-fault auto insurance changes move rapidly through Michigan Senate

The Republican-led Senate has passed legislation that would alter the laws in the state quite dramatically. After having made a series of adjustments in the last moment, the Republican-led Michigan Senate has made some changes to the no-fault auto insurance law in the state which has caused massive controversy over the last few years. The final vote on Senate Bill 248 that aimed to make these changes to the current system was 21 to 17. The changes to the laws surrounding the no-fault auto insurance system have arrived following a…

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Auto insurance overhaul moving to the Michigan House

michigan auto insurance

The lawmakers will be considering a change to the system to cap payouts for catastrophic injuries. After passing out of committee along party lines, last week, legislation for placing a cap on auto insurance catastrophic injury payments at $1 million is now headed to the House in Michigan. Should the bill pass, it would eliminate the unlimited lifetime medical benefits for accident victims next year. It would mean that anyone injured in an accident as of January 1, 2014, will have a limit to the payments that will be available…

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Auto insurance no fault regulation in Michigan could change

michigan auto insurance

Many people in the state are pushing to have this required element of the policy removed due to cost. The Insurance Institute of Michigan, insurers, other people in the industry, and the residents of the state are now recognizing that the auto insurance in the state requires some changes in order to keep its rapidly rising costs under control. The no-fault portion of the required coverage in the state is leading the cost of car ownership skyward. Now many are starting to feel that this auto insurance system is ready…

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